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Additionally, with exposure to the healthcare sector, Duke Realty remains less prone to market volatility as the healthcare segment enjoys a steady demand. Moreover, the company has a relatively healthy balance sheet with adequate liquidity.

Moreover, Duke Realty’s second-quarter 2013 core funds from operations (FFO) of 27 cents per share was a cent higher than the year-ago figure and in line with the Zacks Consensus Estimate. This was aided by better rental revenues growth as well as a reduction in general and administrative expenses. Encouragingly, the company raised the lower end of its 2013 core FFO guidance.

However, the weak office market scenario at present and exposure to vulnerable suburban office and industrial assets remain plausible concerns for this Zacks Rank #3 (Hold) stock. In addition, stiff competition from commercial property developers, a large development pipeline and rising interest rates remain headwinds.

Over the last 30 days, the Zacks Consensus Estimate for 2013 FFO per share moved south by a cent to $1.08. On the other hand, the Zacks Consensus Estimate for 2014 FFO per share remained stable at $1.14.

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